Asian semiconductor stocks fell sharply on Wednesday due to dismal sales projections from Dutch semiconductor equipment manufacturer ASML.

The company’s revised forecasts reverberated through the global semiconductor market, causing major declines across key Asian exchanges.

ASML anticipates net sales for 2025 between US$32.7 billion to US$38.1 billion, indicating a drop from earlier forecasts.

Following the announcement, ASML’s shares plunged nearly 16%, impacting its competitors.